Friday, July 29, 2005

Mortgage Rates Rise Again - 4th straight week

Everyone seems to be covering this latest interest rate rise, namely from 5.73% to 5.77%. These are historically low mortgage rates so I wouldn't fret too much. The real question is what affect this will have on home buyers. Will we see a last minute dash to buy a home before rates rise again? Will the slowly rising rates spark a price bump as people rush into the market before rates rise again? Time will tell.

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